UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath

2023-5-19 10:00

The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support.

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Crypto advocacy group criticizes UK Treasury Committee recommendation to regulate crypto like gambling

A crypto advocacy group has criticized the U. K. Parliament Treasury Select Committee’s recommendation to regulate cryptocurrency trading as gambling. Treasury Select Committee lampoons crypto In a report published on May 17, the Committee urged the government to stop wasting taxpayers’ funds on innovations such as virtual assets until it shows their benefits.

2023-5-17 13:30


Senate Banking Committee Split on How to Regulate Stablecoins

During the Senate Banking Committee hearing on stablecoins, a call for regulating the fiat-backed stablecoins was made, but what they will look like is to be seen. “Let’s be clear about one thing: if you put your money in stablecoins, there’s no guarantee you’re going to get it back,” Senate Banking Committee Chairman Sherrod Brown […] The post Senate Banking Committee Split on How to Regulate Stablecoins first appeared on BitcoinExchangeGuide.

2021-12-15 17:02


China's banks continue to embrace blockchain despite scalability, usability concerns

The world of regulators has been itching to regulate cryptocurrencies and device a solution to avoid any economic "threat" that comes with it. Development announcements made by countries like China, SThe post China's banks continue to embrace blockchain despite scalability, usability concerns appeared first on AMBCrypto.

2020-2-22 12:36


EU’s Finance Commissioner pledges common regulations for crypto-assets like Libra

On Tuesday, the EU’s Finance Commissioner, Valdis Dombrovskis, pledged that he would propose new rules to regulate virtual currencies such as Libra, following his reappointment. This is an interesting statement to make as in the five years he has served so far, Dombrovskis has not taken any steps to regulate digital assets, despite a series […] The post EU’s Finance Commissioner pledges common regulations for crypto-assets like Libra appeared first on AMBCrypto.

2019-10-8 17:30


The Trump administration drafted an executive order to censor the internet

CNN has obtained a draft of an executive order that could potentially censor huge portions of the internet. In an attempt to stop a perceived “bias” against conservatives, Trump’s plan attempts to strip certain protections from companies like Facebook and Twitter, particularly those protected under Section 230 of the Communications Decency Act (CDA).

2019-8-13 04:13


Switzerland’s Parliament Approves Motion for Cryptocurrency Regulations

The Swiss Federal Assembly, which handles government legislation, approved on March 20th a motion directing the Federal Council to regulate cryptocurrencies. Switzerland has long been recognized as a leading hub of blockchain and cryptocurrency technology, with the Swiss town of Zug internationally referred to as “Crypto Valley.

2019-3-21 15:52